Average homeowners insurance cost in Gilbert, AZ

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Our data shows that the average cost of homeowners insurance in Gilbert is $2,425 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $157 less than the national average of $2,582 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Gilbert depend on several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

State Farm is the cheapest homeowners insurance company in Gilbert with an average annual premium of $1,575 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Gilbert. Keep reading to learn about the monthly cost of homeowners insurance in Gilbert, the cost for different dwelling coverage levels, and which companies provide the most affordable home insurance in Gilbert.

Key Takeaways

In Gilbert, homeowners insurance costs $2,425 annually.
State Farm offers the most affordable homeowners insurance in Gilbert with an average annual premium of $1,575 .
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $564 higher.

Average homeowners insurance cost in Gilbert per month

Residents of Gilbert pay an average of $202 a month for homeowners insurance. It’s $4 less than the state average of $206 and $13 less than the national average for home insurance across the nation.

The cost of your homeowners insurance policy in Gilbert may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

Homeowners insurance with $200,000 in dwelling coverage and $100,000 in liability protection costs about $1,861 per year in Gilbert. Your rate can vary based on a number of factors, especially the risk of natural disasters in your area. Places more prone to floods, hurricanes, or tornadoes often face higher rebuilding costs, which leads to higher insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damage. So, if you live in an area prone to flooding, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Gilbert

According to a rate analysis by Insure.com, homeowners in Gilbert pay an average of $2,425 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you’ll have to pay $564 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Gilbert by company

Among the carriers we analyzed, State Farm is the cheapest homeowners insurance company in Gilbert. Its average annual rate for Gilbert homeowners is $1,575 , while Nationwide ranks second.

Before picking a homeowners insurance policy, it’s a good idea to do a little homework on the company. To make it easier, our experts reviewed all the top insurers in Gilbert and put together a list of the most affordable options. Below, you’ll find the average annual premiums for each provider in the area.

Home Insurance Company	Annual rate
State Farm	$1,575
Nationwide	$1,696
Allstate	$1,804
Farmers	$3,172
Travelers	$5,863
American Family	$1,761
USAA*	$1,902

*USAA is only available to military community members and their families.

Bundling your home insurance with other policies, such as auto insurance, can result in substantial savings. Many insurers offer discounts to policyholders who combine multiple policies. It will help you lower your premiums and simplify policy management.

Natural disasters in Arizona that can impact your home insurance

Living in Arizona comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

Arizona is commonly affected by Drought, Heat wave and Wildfire.

How home insurance protects you against natural disasters

Home insurance can provide valuable protection against the financial impact of natural disasters. Standard home insurance policies typically cover damages from fire, windstorms, hail and lightning. However, events such as floods, earthquakes or landslides are excluded and require purchasing additional policies or endorsements. For example, flood insurance must be purchased separately, as it is not typically covered by a standard home insurance policy.

Home insurance pays for home repairs, replacement belongings and temporary living expenses if your dwelling becomes uninhabitable due to damage. The protection offered by home insurance can significantly reduce the financial impact of natural disasters.

Keep in mind: Standard policies may not cover everything

While homeowners insurance typically protects against common hazards, some natural disasters – like floods and earthquakes – require separate policies. Don’t assume you’re fully covered. Check your policy details and consider endorsements or supplemental coverage if you live in a high-risk area.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Gilbert for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.